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Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont (apnews.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Biden admin providing $1.5 billion to GlobalFoundries to make computer chips in New York and Vermont::The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont.

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[–] [email protected] 17 points 9 months ago (2 children)

I am very very confused.

GlobalFoundaries just sold their chip fab in Fishkill NY in Feb 2023 source

Why are they now building a new chip fab in NY again?

[–] [email protected] 3 points 9 months ago

Probably to produce new nodes. You can't just reuse old equipment.

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